"Frustration Continues To Grow Daily" Over The Million-Dollar Question

In his latest note to clients, BTIG strategist Jonathan Krinsky laments - somewhat reflexively - that his "client conversations today are largely the same as they have been for the last few weeks, but the frequency and frustration continues to grow daily."

It basically boils down to the 'Million-Dollar Question': Everyone knows (which is why sentiment is so downbeat and why nobody has any conviction in anything, as Goldman pointed out), the divergence between breadth....